It is planning to garner up to Rs 75 cr through secured, redeemable, NCDs
Criterion for appointing Appellate Tribunal chief relaxed; retired high court judges eligible for post
Due to imposition of CTT and likely stake sale by big investors, the stock is likely to remain under pressure for at least a while
L&T was recently barred for 6 months by the World Bank for an executive was found indulging in fraud
Nifty, Bank Nifty, HDFC, Tata Power & TCS
Jeffrey Gundlach's $39.5-bn DoubleLine Total Return Bond Fund beat 97% of its peers last year in part by avoiding US government debt
The default risk for Indian banks fell to its lowest level since 2011, show CMA data
Some insiders have built entire empires by selectively leaking information and pumping stock. They don't themselves trade, but they do so through others and take a cut outside
The company has appointed Indian investment bank MAPE to handle the stake sale
The compliance officers would need to get certification from the National Institute of Securities Markets
The 30-share Sensex ended down 37 points 19,646 and the 50-share Nifty ended down 3 points at 5,942.
The World Bank has barred Larsen & Toubro (L&T) from doing any business with it or the projects funded by it for six months
The share sale is likely to hit the markets on March 14, they added.
The company received a letter from 3M Company US, the promoter of the company about their intention to off load 1% of their holding to meet minimum public shareholding norm.
The company said the sanctions imposed by the World Bank is not expected to have material impact on the Company's present or future operations or its profitability or financials.